RE: capita looking like a good investment13 Mar 2022 13:58
Numbers speak for themselves.
With less debt interest payments, and increase in revenue, the net profit should increase.
As you say, they have a stable run rate business, so easier to plot a consistent MCAP potential, which based on their current last report profit should nearer £500m, giving a share price of 29.60ish
Adjusted Revenue
FY21: £3,008.5m
FY20: £2,995.5m
Adjusted Profit before Tax
FY21: £93.5m
FY20: £5.4m
Adjusted free cash flow
FY21: £78.1m
FY20: £170.3m
Net debt
FY21: £879.8m
FY20: £1,077.1m